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Top 10 States That Are Growing

News Roundup – January 20, 2023

These 10 Markets Are Poised for Growth

Forbes recently reported on the top 10 states experiencing the biggest exodus, along with the 10 that are experiencing the largest influx. These trends are important for dealers with operations in these growing states, as well as companies with national operations, as they may represent market expansion opportunities. Here are the top 10 states people are moving to, in order:

  1. Texas
  2. Florida
  3. South Carolina
  4. North Carolina
  5. Georgia
  6. Tennessee
  7. Nevada
  8. Maine
  9. Delaware
  10. Idaho

Top Cable Rankings of 2022

IndieWire released its ranking of 2022’s most-watched cable stations. The numbers represent viewership averages, in thousands. (Add a comma and three zeroes to the end of each; for example, Fox News averaged 2.33 million viewers). Here are the top five:

  1. Fox News Channel: 2,330
  2. ESPN: 1,915
  3. MSNBC: 1,208
  4. Home and Garden TV: 945
  5. Turner Network Television: 941

Current SAAR, ATP, and Sales Mix

According to Bank of America Global Research, December U.S. light vehicle sales increased 4.5% YoY for a seasonally adjusted annualized rate (SAAR) of 13.3 million. Average transaction prices (ATPs) continued to climb this month, up 2.1% YoY to $45,628, based on data from TrueCar. ATPs appear to have stabilized around $45,000 as of May 2022, after climbing significantly over the two years prior.

The BoA report also released a chart on the current sales mix:

John Paul Strong

John Paul Strong combines his two decades of automotive marketing experience with a team of more than 150 professionals as owner and CEO of Strong Automotive.

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